Goshen News, Goshen, IN

Local News

May 7, 2014

Staffing cuts come to Goshen College

Services to be consolidated, online courses more a focus

(Continued)

• Printing and mailing services will be integrated into the information technology department to reduce the use of paper.

“These aren’t changes that will happen overnight,” Barge said. “It’s not like you come to campus in six weeks and you won’t find paper. This is another step.”

• Integration of career services and the alumni office. “As you can imagine there are a lot of opportunities there for connecting with our alums and using our alums in the best sense of the word, using our alums as a resource for our current students.”

Financial future

The college has an endowment of $110 million, which Jim Histand, vice president of finance, said is hefty for a small private college. He said that endowment was about $125 million before the 2008 recession and was reduced by the decline in the equity markets.

The college’s board has also dipped into that endowment recently for some operation funds.

The current annual budget for the college is $33 million and Barge said the goal is to balance the budget without hitting students with extreme increases in tuition and room and board rates.

“The national conversation is about the rising prices...” Barge said. “We are doing this work right now within the context of that conversation. We could have opted to just pass on additional expenses to our students via tuition, but we didn’t feel like that was a responsible thing to do.”

Histand said this past year the tuition increase was 3.8 percent. He believes this coming year the increase will be between 3 to 4 percent.

A changing world

Goshen College’s restructuring plan has a goal of keeping abreast of changes in society that are impacting students and families that will look for a college in the future, according to Histand and Barge.

“Higher education as an industry is going through this kind of consolidation as it continues to adapt to the changing marketplace,” Histand said.

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